NEAR Protocol Price Prediction: Will NEAR reach $100?
Near Protocol Price Prediction: NEAR crypto is 92.3% down from its all-time high price, meaning that it has a huge scope for growth in the future.
The latest price of NEAR
NEAR Performance in the last 12 months
- 1M: +1.76x
- 3M: -22.8%
- 1 Year: -80.1%
- RSI: Sell
- MACD: Sell
- Stoch RSI: Overbought
- Moving Averages: Sell
- Overall: Neutral
Is Near Protocol A Good Investment?
The primary focus of Near Protocol is to eliminate the low transaction speed, low throughput and poor interoperability concerns associated with blockchain.
Also, NEAR tokens have found their utility in paying transaction fees on the network and staking to earn rewards. The token holders can even vote on various proposals for the betterment of the platform.
Furthermore, let’s have a look at how well have Near Protocol performed when compared to one of its notable rivals, Solana.
Near Protocol Vs Solana
As we know that Solana is also a blockchain platform whose primary USP is its fast transaction speed and high throughput. Thus, let us have a brief comparison between the two:
- Both, Near protocol and Solana support Defi projects, NFTs and Layer 1 protocols.
- The transaction cost on Near Protocol is $0.01, whereas the transaction cost on Solana is $0.00025.
- Near protocol has 24M+ active accounts, in contrast to Solana’s 11.5M+ active accounts to date.
- For the last one year, Near’s price has decreased by 5.08, whereas Solana’s price has decreased by 3.7 times.
- Near token’s price didn’t show any net change for the last three months, whereas SOL’s price has decreased by 1.27 times.
- NEAR’s price has increased by 1.76 times in the last month. On the other hand, Solana’s price has increased by 2.15 times.
Though the data states that SOL’s price has increased to a greater extent as compared to NEAR, for the last month, Near protocol has clearly outperformed Solana for the entire duration. The reason is that SOL’s price reached its lowest a few weeks ago and is now recovering. On the other hand, NEAR’s price is consistently improving.
Competitor Analysis: Near Protocol Vs Ethereum
Near Protocol is the Layer 1 blockchain that aims to eliminate the limitations of competing blockchains (including low transaction speed, poor interoperability and low throughput).
On the other hand, Ethereum is the widely known platform for the development of decentralized applications and smart contracts. Let us have a brief comparison between the two:
|Major audience||Users looking for community-run technology powering decentralized applications.||Developers looking for an open-source platform for accelerating decentralized application development.|
|Categories||Blockchain, Crypto lending, Crypto staking, Defi projects, Layer 1 protocols and Smart contracts.||Blockchain and Layer 1 protocols.|
|Performance in the last month||+1.27x||+1.76x|
|Performance in the last three months||No net change||-22.8%|
|Performance in the last one year||-36.8%||-80.1%|
As we can see that Ethereum has more categories to provide to its users and is actually the most used platform for the development of DApps. Furthermore, Near Protocol has certainly failed to outperform Ethereum for the last one year. However, its price is improving since the last month.
NEAR Protocol Price Prediction
- Layer-1 POS Blockchain
- Faster and Cheaper than most other Blockchains [100,000 TPS]
- Proprietary Sharding Technique which enables faster scaling[Claim]
- Friendly to Creators [Claim]
- Carbon Neutral
- Rainbow Bridge to link with Ethereum Blockchain
- Aurora Layer-2 which enables Ethereum Apps to be launched on NEAR
Before predicting whether NEAR Coin is expected to go up or down in the coming future, let us first overview its price history for the past few months. Its performance in the past months can help us gain the required context for the future. Let’s discuss:
Image: NEAR’s one-year graph
Above is its graph for 1 year and as we can see that the market price of the NEAR crypto one year ago, was $15. Hence, there is a decline of 89.6% in its price in one year, considering its current price of $1.56. Also, there were numerous ups and downs stating that the hike wasn’t really continuous. It even reached its all-time high value during that period.
NEAR’s price has decreased by more than 55.6% in three months (though the increase was not consistent), keeping in mind that its price 3-months ago was $3.51. However, its price reached the lowest price of $1.2 during this period (as depicted below).
Image: NEAR’s 3-month graph
Note that the all-time high value of NEAR is $20.18 which it achieved in January 2022. After that, the price started to fall and is currently priced at $1.56 (again the decline wasn’t consistent during the entire period). Also, its market price a month ago was $1.69. It means that it has decreased by more than 7.7% since then.
Moreover, NEAR crypto is 92.3% down from its all-time high price, meaning that it has a huge scope for growth in the future.
Near Protocol Price Prediction 2023, 2025 and 2030
Near Protocol Price Prediction 2023
The maximum aggregated price for NEAR tokens for the year 2023 is $4.18, whereas the minimum aggregated price is $2.89.
Near Protocol Price Prediction 2025
As per the price prediction, the NEAR token is expected to reach a minimum price of $7.59 and a maximum price level of $9.01 by the end of 2025.
Near Protocol Price Prediction 2030
By the end of 2030, the NEAR token’s price is expected to reach a maximum price level of $44.09. Also, it can reach a minimum price level of $38.05.
Will Near protocol reach $10?
To reach a price of $10, NEAR needs to grow by 6.41 times considering its current market price of $1.56.
Note that, NEAR crypto reached its all-time high price of $20.18 in January 2022, where it grew by 11.59 times in just 6 months (from the lowest value of $1.74 in July 2021). Hence, it grew by around 1.93 times in one month.
Thus, NEAR just requires 3.32 months to reach a price level of $10.
However, the current market situation of liquidity and inflation is definitely not in the favor of the crypto market. Therefore, it cannot even reach $10 in the time calculated as above. Nonetheless, reaching $10 is a comparatively easy target for NEAR crypto if we go by its past price movements.
Also Read: Dent Price Prediction
Will Near protocol reach $100?
NEAR crypto needs to grow by 64.1 times to reach $1000, considering its current market price of $1.56.
As it has shown a 1.93 times growth in one month (as calculated above), NEAR crypto will need roughly 33.21 months (less than 3 years).
Again, the macroeconomic factors and liquidity conditions are not similar to those when it reached its all-time high. Therefore, NEAR cannot be expected to show a similar growth that has been shown during that time.
Therefore, it will certainly need much more time to reach a price level of $100, even when the economic factors ease out.
Can Near Protocol Reach $1000?
The NEAR token is currently priced at $2.34 and hence, it will need to grow by around 427 times to reach a price level of $1000.
Also, NEAR’s all-time high value is $20.18, during which it grew by 11.59 times in 6 months.
Thus, considering its 1.93 times growth in one month, we can say that Near Protocol will need a minimum of 221 months (more than 18 years) to reach $1000.
However, that would also depend on the macro and micro economic conditions of that time and hence, it can take even more time to reach that value.
Near Protocol Price Prediction Today
|1. Market's Wisdom||Partially Positive|
|1a. Market Data||Neutral|
|1b. Technical Recommendation||Buy|
|2. Crowd's Wisdom||Partially Negative|
|2a. Social Media Buzz||Lower|
|2b. Social Media Sentiment||Neutral|
Near Protocol Partnerships
Near Protocol has recently announced its partnership with Dropt with the aim to embed Web3 technology into customer loyalty programs.
Dropt will build its tech stack and tooling on the Near platform and will allow enterprises to introduce blockchain-based engagement mechanics for their customer journey. Thus, it intends to increase the enterprises’ engagement, retention and lifetime value.
Near Protocol Reddit Discussions
In a recent discussion on Reddit, users are discussing that Near protocol will succeed because it has more than 12 million java developers. Let’s analyze the discussion.
However, Near Protocol doesn’t support and hence, users (as per the Reddit discussion) aren’t giving much hype about the fact that the platform has managed a pool of 12 million Java developers.
Near protocol Tokenomics
Near protocol is a Layer 1 blockchain that aims to eliminate the limitations of blockchain platforms, including low transaction speed, poor interoperability, and low throughput.
NEAR is the native token of the Near platform and has a maximum supply of 1,000,000,000 NEAR tokens, out of which 84% are already in circulation. The following are the primary use cases of NEAR tokens:
- Users can pay transaction fees on the Near platform using the NEAR crypto.
- NEAR tokens are used as collateral for storing data on the network.
- NEAR tokens can be staked to earn rewards.
- NEAR token holders can participate in the governance of the platform.
Read: Cardano Price Prediction
How to Buy Near Protocol Coin?
Before we jump to the platform providing Near Protocol coins, let us discuss how to purchase, Near Protocol coin:
- Finding a crypto exchange that has Near ProtocolToken coins listed
- Create an account with the Exchange
- Verify your identity
- Fund the Wallet
- Make the Purchase
Where Can I Buy Near Tokens?
Near tokens can be purchased on numerous centralized and decentralized exchanges, including Binance, KuCoin, Coinbase, Kraken, Bitstamp, OKX, Huobi, Gate.io, PancakeSwap, BabySwap, Nomiswap and 4swap.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.